Australia Leading Economic Index

Last Release

Sep 30, 2025

Actual

Units In

-0.1

Frequency

Monthly

Next Release

Nov 20, 2025

Time to Release

1 Months 3 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
0.76 Nov 2020	-1.74 Apr 2020	0 %	1960-2025	Westpac-Melbourne Institute

The Westpac-Melbourne Institute Leading Index of Economic Activity combines a selection of economic variables that typically lead fluctuations in economic activity into a single measure that provides a reliable cyclical indicator for the Australian economy. The index includes the following components: S&P/ASX 200, dwelling approvals, US industrial production, RBA Commodity Prices Index (A$), aggregate monthly hours worked, Westpac-MI CSI expectations index, Westpac-MI Unemployment expectations index, yield spread (10Y bond – 90D bill). The index has a base value of 100 as of 1996.

Latest Updates

The Westpac-Melbourne Institute Leading Economic Index for Australia was unchanged in September 2025, following a 0.1% decline in the previous month. Meanwhile, the six-month annualized growth rate improved slightly to 0.04% from –0.16%. The data indicates moderating momentum compared to the start of the year, though the economy remains on track for around-trend growth in early 2026. After peaking at 0.83% in February, the growth rate eased to near zero in June and has hovered around that level since, consistent with trend-paced activity. Westpac projects the Australian economy to expand about 2% in 2025, with growth returning to its trend rate next year.